Fire ravaged Hoxton Park, NSW mortgagee home sold

A fire ravaged Hoxton Park, NSW mortgagee home deemed unsafe to enter has been sold for $622,000.

The 3 bedroom one bathroom house was sold, according to the listing as "land value only".

John Gymellas of Raine & Horne held the listing.

Situated at 7 Dorrigo Avenue the property has R3 Medium Density Zoning.

Set on 668 sqm, it sits on the corner of Dorrigo Avenue and Colong Close.

It has 35 Metres of combined street frontage.

Located 1.5 km to an M7 entry, 1.2 km to Hoxton Park Public School, 7.4 km to Liverpool Westfield & Hospital, it is a 5 minute drive to Carnes Hill Market Place.

The home sold at auction on April 4, $72,000 over it's price guide of $500,000 to $550,000.

Last sold in 1999, the house traded for $140,000.

The median price for a home in Hoxton Park is $760,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 7%.